Argentina financial crises 2
Thailand Financial Crises 3
Indonesia Financial Crises 6
Malaysian Financial Crises 7
Pakistan Economy 8
Argentina financial crises:
Following are the indicators and effects of Argentina financial crises from 1995-2005:
Year Economic growth: the rate of change of real GDP Inflation: percent change in the Consumer Price Index Exchange rate: local currency units per U.S. dollar Trade balance as percent of GDP Annual growth in money supply (M2) Interest rates on bank credit to the private sector Stock market capitalization, billion USD Capital investment as percent of GDP
1995 -2.85 3.4 1 -0.34 -2.81 18 37.78 14.81
1996 5.53 0.2 1 -0.54 18.82 11 44.68 14.93
1997 8.11 0.5 1 -1.83 25.53 9 59.25 15.99 …show more content…
It also had huge foreign reserves and stable banking system
However many companies were borrowing in us dollars hence Indonesian government also wanted to increase monetary base and alongside Thailand also floated its currency hence Indonesian govt also increased the rupiah trading band from 9-12 % , which opened the gates for speculative attacks which devalued it to greater extents , same were the effects on the foreign corporate loans , moody rated the long term debt of Indonesia to junk bond due to this Jakarta stock exchange touched bottom line and the gdp of country decreased by 13.5 % price of rupiah w.r.t dollar went from 2600 to 11000 rupiah .
year Economic growth: the rate of change of real GDP Inflation: percent change in the Consumer Price Index Capital investment as percent of GDP Government budget balance as percent of GDP Trade balance as percent of GDP Annual growth in money supply (M2) Interest rates on bank credit to the private sector Stock market capitalization, billion